U-NEXT HOLDINGS Cash Flow Statement

Financials in millions JPY. Fiscal year is September - August.

Millions JPY. Fiscal year is Sep - Aug.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '25 Aug 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Aug '21 Aug 31, 2021
Net Income	30,101	27,356	19,284	14,934	14,121
Depreciation & Amortization	11,927	10,429	9,750	8,946	8,769
Loss (Gain) From Sale of Assets	968	764	1,179	1,039	579
Loss (Gain) From Sale of Investments	-78	-165	-172	-	-
Other Operating Activities	-10,219	-4,826	-6,588	-2,457	-1,493
Change in Accounts Receivable	-7,242	-9,255	-4,445	-4,596	-1,616
Change in Inventory	-866	-1,593	-1,886	-933	-457
Change in Accounts Payable	2,316	7,440	3,623	4,154	1,635
Change in Other Net Operating Assets	-6,236	-14,284	-10,067	-3,423	-5,819
Operating Cash Flow	20,671	15,866	10,678	17,664	15,719
Operating Cash Flow Growth	30.29%	48.59%	-39.55%	12.37%	96.56%
Capital Expenditures	-9,458	-5,640	-4,689	-4,584	-4,560
Sale of Property, Plant & Equipment	-396	-641	-347	-657	2,731
Cash Acquisitions	-3,215	-	-1,243	-	-
Sale (Purchase) of Intangibles	-6,822	-3,793	-3,178	-1,876	-2,413
Investment in Securities	196	166	172	-	-
Other Investing Activities	-483	-722	-158	-295	47
Investing Cash Flow	-20,178	-10,630	-9,443	-7,412	-4,195
Long-Term Debt Issued	9,050	-	65,220	-	-
Total Debt Issued	9,050	-	65,220	-	-
Long-Term Debt Repaid	-3,121	-3,030	-60,670	-4,590	-6,170
Total Debt Repaid	-3,121	-3,030	-60,670	-4,590	-6,170
Net Debt Issued (Repaid)	5,929	-3,030	4,550	-4,590	-6,170
Repurchase of Common Stock	-	-	-6,367	-	-
Common Dividends Paid	-2,284	-1,653	-1,476	-811	-480
Other Financing Activities	-144	-72	26,401	-47	-72
Financing Cash Flow	3,501	-4,755	23,108	-5,448	-6,722
Miscellaneous Cash Flow Adjustments	149	124	1,406	-1	-1
Net Cash Flow	4,143	605	25,749	4,803	4,801
Free Cash Flow	11,213	10,226	5,989	13,080	11,159
Free Cash Flow Growth	9.65%	70.75%	-54.21%	17.21%	264.91%
Free Cash Flow Margin	2.87%	3.13%	2.17%	5.50%	5.36%
Free Cash Flow Per Share	62.16	56.70	33.35	72.52	61.87
Cash Interest Paid	786	514	624	670	738
Cash Income Tax Paid	10,219	4,828	6,589	1,973	1,369
Levered Free Cash Flow	5,368	6,256	1,060	13,085	5,843
Unlevered Free Cash Flow	5,859	6,578	1,450	13,504	6,305
Change in Working Capital	-12,028	-17,692	-12,775	-4,798	-6,257

Source: S&P Global Market Intelligence. Standard template. Financial Sources.